Lendable MSME Fintech Credit Fund
BIO has invested USD 5 M in equity in Lendable MSME Fintech Credit Fund, a closed-end private credit fund focused on FinTech companies in Africa and Asia
Amount
$ 5,000,000.00
Type of investment
Equity
Development impacts
- Local economic growth
- Financial inclusion
- Promotion of ESG best practices
- Gender
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
Lendable is a leading debt finance provider to FinTech companies across frontier and emerging markets that create access to new financial products and services for un- and under-banked populations. Lendable finances FinTech companies that facilitate consumer and MSME credit, productive asset finance, payments, remittances, and digital marketplaces. From its offices in Nairobi, London, and Singapore, and using its proprietary technology and data, Lendable directly originates, structures, underwrites, and monitors all transactions. As of 2021 Q3, Lendable has disbursed over $180m to FinTechs in over nine countries.
Development impacts
-
Local economic growth
The Fund will provide financing to FinTech companies, struggling to attract local financing. Many of these FinTechs are FIs that on lend to the local economy (digital MSME lenders, digital MSME asset financers, digital marketplaces).
Indirectly, those investees provide funding to MSMEs
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Financial inclusion
The Fund’s investments in FinTechs will improve the population’s access to financial services, providing access to credit to micro-entrepreneurs, inclusive payment services, and renewable energy products
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Promotion of ESG best practices
BIO is the shaping force behind the fund's E&S policy and building an ESMS.
BIO's investment contributes to directing Lendable to more responsible investees (especially in consumer lending and the application of customer protection standards)
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Gender
Eligible on two 2X criteria, leadership and employment.
Commitment to increase the number of women in the board.
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Bandwidth and Cloud Services
15,000,000.00
Democratic Republic of Congo, Malawi, Mozambique, Zambia, Zimbabwe
01/01/2026
Debt
